Mosaic repurchases 43.3 million Cargill shares

10:05 AM MST | December 9, 2013 | Lindsay Frost

Mosiac announced today that it has entered into an agreement to repurchase 43.3 million restricted Class A shares over the next eight months from the Margaret A. Cargill Foundation and the Anne Ray Charitable Trust (MAC Trusts; Cargill). Mosiac will purchase 21.7 million of MAC Trusts’ shares on 8 January 2014 at a price determined by the average closing price of the company’s common stock during the preceding 20-day trading period, the company says. The remaining 21.6 million Class A shares will be purchased by Mosaic in February 2014 in seven equal...